Bay Metals & Fabrication, LLCbenefits

Bay Metals & Fabrication, LLC's benefits plans covered 110 active participants in 2024, providing life · dental · vision · short-term disability · long-term disability · other. Insurance premiums totaled $111,510. Insurance brokers and agents were paid $67,906 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 60.9% of premiums. That is $617 per covered person, in the top quarter of employer plans that report broker pay. Broker pay rose 142% from $28,085 in 2023.